Post Utme Futa 2018 Accounting Question 23

Practice objective / multiple choice question 23 from the 2018 Post Utme Futa Accounting examination.

Post Utme Futa 2018 Accounting Objective / Multiple Choice
Question 23 POST_UTME_FUTA • 2018 • ACCOUNTING • objective

A company uses the straight-line method of depreciation. The company's asset has a cost of ₦300,000, a useful life of 5 years, and a residual value of ₦50,000. What is the annual depreciation expense?

Answer Options

Correct Answer A. ₦50,000
B. ₦50,000
C. ₦50,000
D. ₦50,000
Correct Answer
A
Correct Option:
₦50,000

About This Question

This is Post Utme Futa 2018 Accounting Question 23. It is one of the objective questions from the 2018 Post Utme Futa Accounting examination.

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